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Failed Sidian deal won't stop us, says 'hungry' Nigerian lender

People walk along the Sidian Bank branch on Standard Building along Kenyatta Avenue. [Wilberforce Owiri, Standard]

Nigeria's largest lender Access Bank says it is hungry for more acquisitions in Kenya's vibrant banking sector despite its failed deal to take over Centum Investment-owned Sidian Bank.

Access Bank told Standard Business that it's reviewing its list of potential acquisition targets. The lender didn't disclose the names of the targets. The Nigerian lender has been expanding across the African continent to counter stagflation and dollar shortages in Nigeria that have frustrated businesses, shrinking the lending market.

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